Students should create the income statement from the trial balance provided:

The statement should be for the month ended 4/30/2020

Acct. Balance Cash \begin{tabular}{lr|r} \multicolumn{3}{c}{ Cash } \\ \hline E15-35 (1) & 6,000 & 1,800 E15-35 (2a) \\ E15-35 (6) & 9,380 & 2,000 E15-35 (2b) \\ & & 1,200 E15-35 (3) \\ & & 380 E15-35 (4) \\ & & 80 E15-35 (5) \\ \cline { 2 - 3 } Acct. Bal & 9,920 & \multicolumn{2}{|c}{} \end{tabular} Acct. Balance 1,800 Prepaid Insurance \begin{tabular}{lr|ll} E15-35 (3) 1,200 & 33 E15-36 (4) \end{tabular} Acct. Balance 1,167 Notes payable \begin{tabular}{|lr} \hline Debits & 24496.33 \\ Credits & 24496.33 \\ & 0 \end{tabular} Ken \& Bill Partnership For Month Ended 4/30/20 \begin{tabular}{lr|r} \hline & Debits & Credits \\ \hline Cash & 9,920 & \\ Accounts Receivable & 850 & \\ Prepaid Insurance & 1,167 & \\ Equipment & 1,800 & \\ Vehicles & 10,000 & \\ Accumulated Depreciation-Equipment & & 25 \\ Accumulated Depreciation-Vehicle & & 208 \\ Notes Payable & & 8,000 \\ Accrued Interest Payable & & 33 \\ Ken, Capital & & 3,000 \\ Bill, Capital & & 3,000 \\ Revenues & 380 & 10,230 \\ Painting Supplies Expense & 80 & \\ Auto Expense & 233 & \\ Depreciation Expese & 33 & \\ Interest Expense & 33 & \\ Insurance Expense & 24,496 & 24,496 \end{tabular} 0